Manage Your Cash Flow Right With Zoho Books

Posted by Posted on by
0

As Small-Business owners, we sometimes unknowingly do things that can hurt our business. A recent article at openforum.com talks about 6 such ways in which business-owners might be sabotaging their own businesses. We’d like to encourage all Entrepreneurs to work towards avoiding all 6 of these costly mistakes. But, there’s one in particular, that we feel can help you with.

Losing focus on Cash-Flow. It’s critical to keep track of the money flowing in and out of your business. At any point of time, you as a business-owner, should have a clear picture of your business investments and spending, in order to be able to take immediate steps if and when the cash-flow slows down. And of course, what better way to achieve this than with
Zoho Books
‘ integrated

Cash-Flow Management feature
that helps you constantly monitor and measure your cash-flow and stay on top of your business. The cash-flow statement helps you keep your business financially healthy by measuring the impact of accounting activities from three major activities that drive your business – operating, investing and financing.

Besides the cash-flow statement, Zoho Books also lets you generate

other important reports
that can help you make insightful decisions about your business.

For a complete experience of how Zoho Books can help you stay in control of your business finances, take the
30-day free trial or start by watching this video:

How To Clean Up Your Business – With Zoho

Posted by Posted on by
2

Entrepreneur.com recently featured an article titled ‘How To Clean Up Your Business‘. The article talks about Spring Cleaning, a time to ‘get rid of the tasks, people and situations that drain time, money and energy from your Business’. Every Business encounters its share of such tasks, people and situations that it must successfully overcome in order to increase and optimize productivity.

I’d like to share some ‘Productivity Pitfalls’ quoted from the original articleAt Zoho, we offer several applications which can help eliminate 7 out of these 8 Pitfalls. These Zoho Apps can be used together, in conjunction with one another, to achieve the purpose of maximizing productivity while saving you time, money and energy.

Productivity Pitfall #1 Scattered day plans

 “Failure to plan their days is the No. 1 reason business owners waste time, energy and money, says New York City-based time-management expert Julie Morgenstern By not planning their days, they tend to become reactive and distracted, diminishing their productivity and the revenue they can generate.”

Our SolutionZoho Mail for Business comes with Calendar, Tasks and Notes apps integrated for improved productivity and efficiency. With Zoho Mail, Business-Owners can plan and organize their days better. The Calendar app within Zoho Mail helps easily schedule, manage and track important events and meetings from within the email interface. The Tasks app lets you assign, plan and track important tasks, ensuring that you never miss any task-related deadlines. The Notes app lets you add quick, color-coded notes to gather all useful information in one place, so you can later refer to it, edit or import it. Zoho Mail also supports multi-level folders that make it easier for Business-Owners to track, organize and prioritize incoming email thereby saving time and energy. Read the complete list of powerful features offered by Zoho Mail for Business.

Productivity Pitfall #2 DIY syndrome 

Morgenstern estimates that 75 to 80 percent of the small and midsize businesses she consults with waste employee salaries, including their own, by not focusing each person’s time on the optimal task for that person.”

Our SolutionZoho Creator helps many Business-Owners build custom apps for their Busi
ness requirements. Instead of hiring a developer who may or may not understand their exact requirements, Business-Owners can easily build their own custom app all by themselves, using the Zoho Creator platform. Building their own apps saves these Businesses considerable time and money that may have otherwise been wasted hiring unnecesary developer resources Also, using Zoho Creator ensures that there is no compromise on the quality of the applications built.

One such Zoho Creator customer, Wayne “Kila” Watts, Chief Pilot at  PilotSpeak.net reports:

“It was a godsend for the applications I needed for my website, saving me thousands of dollars to have someone else make the databases and design the pages.”

Read experiences of other Business-Owners who have saved time and money by building their own apps with Zoho Creator.

Productivity Pitfall #3 Disorganized direction  

To make the delegation process more effective and less time-consuming, Bakersfield, Calif.-based business growth consultant Russell S. Allred, co-author of Best Practices of High Performance Entrepreneurs, recommends creating task-related systems and processes. Write a list of steps for each task you perform regularly in your workplace and the best practices for completing those steps.

Our SolutionZoho Wiki helps create a secure, collaborative environment for Businesses to document and share such task-related systems and processes online over their Intranet. Wikis serve as a knowledge-base where employees can maintain and update information and steps related to these tasks.

Stu Press, CEO of Grand Assistance, is the owner of one such Business and has successfully achieved this purpose using Zoho Wiki. Here’s what he had to say about our Wiki solution:

“Zoho Wiki has been a valuable communication tool that we were able to integrate into our business. We have been able to eliminate printed procedure manuals and employee handbooks resulting in a more nimble and environmentally friendly process for keeping our all of organization’s people in alignment with our goals. We enjoy being able to quickly implement modifications and updates to our Wiki.”

Learn more about Zoho Wiki features that can help you create process-oriented knowledge-bases for your Business.

Productivity Pitfall #4Untamed distractions

“Many people have no idea how to manage the overwhelming amount of communication that comes their way on paper and electronically, says productivity consultant Kimberly Medlock, founder of Productive Matters in Olive Branch, Miss. To cut down on distractions and time-sucks, clean up your act, she says. Develop hard-copy and electronic filing systems to help locate important papers and information more quickly.”

Our SolutionZoho Docs can serve as the electronic filing system helping your Business store, manage and collaboratively work on documents online. Not only does Zoho Docs allow secure file sharing via an online workspace, it also includes an admin console so that user rights and access to files can easily be controlled. Read more about these features available on Zoho Docs.

Productivity Pitfall #5Leaky expenditures 

>By checking his monthly expenses closely, Eli Mechlovitz, co-founder of GlassTileStore.com, an online glass tile retailer, found a variety of unwanted subscriptions, warranty programs, fee-based website analytics programs, utility bill errors and other incorrect or unwanted charges. Eliminating these budgetary leaks has saved his Brooklyn, N.Y., company approximately $4,000 per month.  Every quarter, be sure to review where the money is going, he advises, and discontinue or fight unnecessary or incorrect charges.

Our SolutionZoho Books is a comprehensive accounting solution that helps Business-Owners manage their finances and stay on top of their Business. With Zoho Books, you can keep your Business expenses in check and manage the money flowing in and out of your Business. Learn more about how Zoho Books can help your business stay financially healthy.

Productivity Pitfall #6:  Collecting (all) customers

Maria Marsala, a business coach in Poulsbo, Wash., finds that many of her clients waste time and energy serving the wrong customers. She encourages them to define their “ideal” customer–the person or entity that will pay a fair price for their product or service, value their business, return and buy from them again and generate referrals. The greatest marketing investment and effort should be devoted to finding and courting those ideals, she says.

Our Solution: Zoho CRM can help your Business build, maintain and strengthen customer relationships. With Zoho CRM, you can organize your customer database so that you can identify and tag the right customers, prioritize and track business opportunities and plan focused marketing activity. Read about some of the Business-Owners who have benefited from adopting Zoho CRM for their Business.

Productivity Piftall #7: Energy-sucking employees

 When Mechlovitz has trouble with unproductive or negative employees, he tries to move them into positions that better suit their skills. But if an employee isn’t a good fit or is miserable, he says, you have to end the relationship–quickly. 

Productivity Pitfall #8: Persistent procrastination

 If you constantly avoid tasks or put off work until the last minute, you need to figure out why, Morgenstern says. Burnout could be from being overworked, but she often finds that procrastination is rooted in uncertainty or intimidation. If a project seems too big, procrastination can be a coping mechanism. She suggests breaking the task down into manageable steps you can do in shorter chunks of time.

Our Solution Zoho Projects is helping many Businesses effectively manage their Business Projects online. With features such as task-management, time-tracking, project calendar, chat and meetings, Zoho Projects can help you plan and optimize the time spent on tasks. 

Business-Owners can use Zoho Projects with their teams ensuring that team members collaboratively manage their tasks within optimal time. Tasks can be easily broken down into manageable chunks and completed over a defined, measurable period of time. Not only that, Business-Owners can also save and plan their own time that they would otherwise spend micro-managing different tasks across multiple projects within their Business. Read about some of these Businesses and how they have benefited from Zoho Projects.

So, that’s the complete list of Productivity Pitfalls and how they can be avoided by using the right Zoho Apps. Thanks to Gwen Moran of Entrepreneur.com for the original article that inspired this post. Besides this list, are there any other Productivity Pitfalls that affect your Business? Tell us about them, and we can help you figure out the best ways to tackle them.

If you liked this post, drop us a comment here or give us a shout on twitter. We’d love to hear from you!